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Finance Calls for More Control and Better Governance over Sofipos

Summary by El Economista
Jiutepec, Morelos. The financial, late payment and customer growth indicators in the sector of Popular Financial Companies (Sofipos) confirm the urgency of strengthening internal controls and improving the governance of these entities, said Alfredo Navarrete, head of the Banking and Securities Unit of the Ministry of Finance and Public Credit (SHCP).According to Navarrete, in June 2025 the sector reported considerable growth: assets increased 44…
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Jiutepec, Morelos.- Alfredo Navarrete Martínez, the head of the Banking, Securities and Savings Unit of the Ministry of Finance (SHCP), said that the Mexican financial system faces the challenge of becoming more and more solid and the Popular Financial Corporations (Sofipos) must strengthen their internal controls and improve their governance.During the inauguration of the 10th Convention of the Mexican Association of Sofipos, the official indic…

JIUTEPEC, Morelos - The head of the Banking, Securities and Savings Unit of the Ministry of Finance and Public Credit (SHCP), Alfredo Navarrete, said that in view of the increase in customers acquired by the Popular Financial Corporations (Sofipo), internal controls of companies have to be strengthened in order to have a healthy development of the financial system. During the inauguration of the 10th Sofipos Convention, Navarrete stressed that c…

Jiutepec, Morelos. The financial, late payment and customer growth indicators in the sector of Popular Financial Companies (Sofipos) confirm the urgency of strengthening internal controls and improving the governance of these entities, said Alfredo Navarrete, head of the Banking and Securities Unit of the Ministry of Finance and Public Credit (SHCP).According to Navarrete, in June 2025 the sector reported considerable growth: assets increased 44…

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El Economista broke the news in on Wednesday, September 3, 2025.
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